Direct Tax Code 2025: A Comprehensive Guide to the New Tax System

Nishantsth14 Jan, 2025Business

The Direct Tax Code 2025 is the government's response to the complexity and inefficiency of the current tax system. India's existing tax laws are often seen as difficult to navigate, which results in poor taxpayer compliance. With the aim of simplifying this framework, the government hopes that the new code will encourage more people and businesses to comply with tax laws. Initially proposed in 2009, the code faced numerous delays but is now set to take effect from April 2025.